8 unit multifamily opportunity in the heart of Westlake offered at a compelling basis well below replacement cost. The property consists of eight one bedroom one bathroom units totaling approximately 4,408 square feet on a 6,517 square foot lot. Current rents are significantly below market, creating substantial upside through renovation… Read More and repositioning. At approximately $118,750 per unit and roughly $215 per square foot, this asset presents a rare value add opportunity in a dense, transit connected corridor near Downtown Los Angeles, Koreatown, Silver Lake, and Hollywood. Separately metered for gas and electric with on site parking and strong walkability. 2334 Valley Street may be purchased individually or together with 2335 Miramar Street, which is located directly behind the property and separated by an alley. Read Less
Property listed by Fred Leeds Asset Group Inc., Chandler Rockwell 310-259-7556
Listing Snapshot
Days Online
60
Last Updated
Beds
8
Square Ft.
4,240
Lot Size
0.15 Acres
Year Built
1953
MLS Number
26651789
Additional Details
Building
Built in 1953, Living area: 4240.0, 1 building, Levels: Two
Cooling
WallWindowUnits
Income
Gross Income: $89,135, Net Operating Income: $50,188
Interior Features
CeilingFans
Lot
0.1497 acres
Parking
Gated, Uncovered
Property
Other structures: Sheds
Taxes
Parcel Number: 5154012007, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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